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Global watchdog calls for tighter controls on agentic AI in finance
Global watchdog calls for tighter controls on agentic AI in finance LONDON, June 10 : Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. The Financial Stability Board (FSB) in a report on Wednesday "strongly" encouraged boards to consider implementing safeguards to mitigate risks from AI, including from “agentic” AI — or those systems capable of planning, reasoning and executing tasks...
Greece gets green light to repay €6.95bn of bailout loans early
Greece has been cleared to repay almost €7bn of bailout loans ahead of schedule, in a move European officials say will improve the country's debt position. The European Stability Mechanism (ESM) has approved Greece's request to repay €6.95 billion of loans early under the first bailout programme through the Greek Loan Facility (GLF). The loans were part of the international rescue packages agreed during Greece's debt crisis in 2010.
The Betrayal of Black Patriots
Photographs by Nate Langston PalmerDaniel “Chappie” James Jr. became commander of the Wheelus Air Base, near Tripoli, just after rebels under Muammar Qaddafi took control of Libya in a coup in 1969. In the midst of the insurgency, Qaddafi led an effort to break into the U.S. air base, but James managed to close the gate in time to prevent the young rebel from entering. The incident, which James recounted in a 1978 interview, would come to be the stuff of Air Force lore.
Chelsea Keep or Dump: How can Blues help Xabi Alon...
Chelsea are coming off a turbulent season that included three different coaches and a 10th-place finish in the table. It's the second time in the past four seasons that they've finished 10th or lower; in the 25 years before current ownership BlueCo took over, it had happened only once. They're also coming off the heaviest financial losses in English football history (more than $350 million) and having missed out on Europe, they will probably have to trim their squad.
Ask HN: What are tools you have made for yourself since the advent of AI?
I've made a number of ceramic molds for slumping fused glass into bowls. As well as wooden templates for ceramic mugs. I've devised a few carrying tools to move glass frit paintings from my studio down to my barn where the kilns sit without spilling the glass.
The best insoles for your sneakers
Do you have a job that requires you to be constantly on your feet? Or maybe you are an avid runner who logs long distances regularly? If you are often walking, running or standing, there’s a simple way to make your shoes more comfortable and supportive: add insoles to your running or walking sneakers.
BOJ to consider pausing bond taper next fiscal year, sources say
BOJ to consider pausing bond taper next fiscal year, sources say TOKYO, June 9 : The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT) plan. But the decision could be a close call as the nine-member board is seen as split between those who want to focus on soothing investor nerves and others who see the need to steadily slow purchases to...
Indonesia's central bank to prepare regulations reflecting wider mandate
Indonesia's central bank to prepare regulations reflecting wider mandate JAKARTA, June 5 : Indonesia's central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial system law, its spokesperson said on Friday. Bank Indonesia supported the law and had provided its feedback for the legislation during the deliberation process, spokesperson Ramdan Denny Prakoso said in a statement. Parliament on...
Indonesia passes bill expanding central bank role to spur growth
Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...
FIRST ON FOX: ActBlue board members in hot seat as GOP probes 'serious' misconduct allegations
Congressional investigators are expanding their probe into Democratic fundraising giant ActBlue, seeking interviews with board members as scrutiny intensifies over the platform's handling of foreign donations. The GOP chairs of three House committees are requesting that five members of ActBlue’s board sit for transcribed interviews and produce a slew of documents related to their involvement in the payment processor’s response to allegations of donor fraud. The board members have until June...